# GitLab Surges Amid Market Ignorance

Page: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/gitlab-surges-amid-market-ignorance
Text version: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/gitlab-surges-amid-market-ignorance.md
Podcast: [Business News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192)
Published: 2026-06-06T19:23:21+00:00
Episode link: https://api.fastcast.ai/audio/303f180c-fbcb-422d-b915-a538b7bf1652.mp3
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Duration seconds: 132

## Resource

GitLab just smashed its Q1 revenue targets with a 23% jump to $264 million, fueled by 30% new customer growth and a stellar 117% net retention rate. Their AI-powered Duo Agentic Platform alone brought in nearly $20 million, while enterprise clients—now accounting for 75% of recurring revenue—grew 18%. The company’s full-year forecast has been upgraded, projecting 16-17% growth and $0.79-$0.82 EPS. Despite these strong fundamentals, the stock remains undervalued by the market, with a low price-to-sales ratio that doesn’t reflect its cash-rich, high-growth trajectory. GitLab’s new flexible pricing model, GitLab Flex, is also gaining traction, especially for AI tools, as businesses demand more adaptable software consumption. The numbers are booming—but the market hasn’t caught up yet. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/fef8f3cc1835bdfe

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